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Blog | DelCotto Law Group

Chapter 11: It’s Not Just for Businesses

March 6, 2013
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There is a very common mistaken belief that Chapter 11 reorganization bankruptcy is only for business entities.  To the contrary, Chapter 11 is ideal for high-income individuals or individuals with significant assets. Unlike Chapter 13 bankruptcy, there are no debt limits that determine your eligibility for Chapter […]

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The Tax Man Cometh: Your Options When Facing A Tax Levy

March 1, 2013
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Due to the current state of the economy, more individuals and businesses are finding it difficult to pay their taxes.  If you have exhausted all available appeals with the taxing authorities or been denied for an offer in compromise, you may want to look at your bankruptcy options […]

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The Waiting Game: Eligibility For A Bankruptcy Discharge

February 28, 2013
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If you have previously filed for personal bankruptcy and are again facing financial issues, you will want to know how long before you’re eligible to receive a discharge in bankruptcy again.  The time frame depends on what type of bankruptcy you previously filed and the time is […]

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What Happens If I Have a Financial Emergency During My Chapter 13?

February 22, 2013
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A Chapter 13 bankruptcy is a “repayment” bankruptcy, with the goal of repaying a portion of an individual’s debts over a three to five year period.  The theory behind Chapter 13 is that a debtor should pay all they can afford over the life of the plan […]

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